OECD Sovereign Debt definition

OECD Sovereign Debt. Debt issued or guaranteed by OECD countries, rated at least (i) AA- by S&P and (ii) Aa3 by Mxxxx'x. With maturities of (x) two years or less from the date of acquisition, 95%, (y) three to ten years from the date of acquisition, 90% and (z) more than 10 years from the date of acquisition, 85%. With maturities of (x) two years or less from the date of acquisition, 90%, (y) three to ten years from the date of acquisition, 85% and (z) more than 10 years from the date of acquisition, 80%. Other Securities: All other investments, obligations or securities. 0.0%. 0.0%. * For the avoidance of doubt, in respect of any calculation relating to a Letter of Credit, "Matching Currency" is a reference to Collateral denominated in the same currency as the relevant Letter of Credit and "Non-Matching Currency" is a reference to Collateral denominated in any other currency. SCHEDULE 10 Form of Borrowing Base Certificate To: Lloyds TSB Bank plc as Agent under the Credit Agreement referred to below [Date] Ladies and Gentlemen: Pursuant to Clause 20.8 of the Standby Letter of Credit Facility Agreement dated as of 28 November 2007 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"; capitalised terms used herein and not otherwise defined herein have the meanings assigned to such terms in the Credit Agreement), among Talbot Holdings Ltd., Validus Holdings, Ltd., the lenders from time to time party thereto (the "Lenders"), Lloyds TSB Bank plc as agent (in such capacity, the "Agent") and security trustee (in such capacity, the "Security Trustee") and ING Bank N.V., London Branch as structuring agent, this certificate together with Annex 1 attached hereto is the Borrowing Base Certificate as of [•], 200[•]. The amount and valuation of each of the components of the Borrowing Base set forth on Annex 1 has been determined pursuant to the Credit Agreement. This Borrowing Base Certificate is a complete and correct representation of the Borrowing Base as of [•], 200[•]. Sincerely, __________________________________ Name: Title: ANNEX 1 Value Advance Rate Borrowing Base Contribution Cash $_________ x _________ = $________________ Category of Eligible Securities $_________ x _________ = $________________ $_________ x _________ = $________________ $_________ x _________ = $________________ $_________ x _________ = $________________ $_________ x _________ = $________________ $_________ x _________ = $________________ $_________ x _________ = $___________...
Sample 1
OECD Sovereign Debt. Debt issued or guaranteed by OECD countries, rated at least (i) AA- by S&P and (ii) Aa3 by Xxxxx’x. With maturities of (x) two years or less from the date of acquisition, 95%, and (y) more than two years to ten years from the date of acquisition, 90%. With maturities of (x) two years or less from the date of acquisition, 90%, and (y) more than two years to ten years from the date of acquisition, 85%.
Sample 1
OECD Sovereign Debt means debt issued or directly and fully guaranteed or insured by any Acceptable OECD Country (provided that the full faith and credit of the Acceptable OECD Country is pledged in support thereof).
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Examples of OECD Sovereign Debt in a sentence

  • The publication of the OECD Sovereign Debt Report was noted and this report along with a summary produced by the NTMA was circulated to FSG members.

Related to OECD Sovereign Debt

  • OECD Country means a country that is a member of the grouping of countries that are full members of the Organization of Economic Cooperation and Development.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • terrorist financing means the act of, directly or indirectly, providing or collecting funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out terrorist acts.4

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Foreign Securities System means an Eligible Securities Depository listed on Schedule B hereto.

  • Administrative order means a written notice from the commissioners to the landowner or landowners of record and to the occupants of land informing them they are violating the district’s soil loss limit regulations or maintenance agreement and advising them of action required to conform to the regulations.

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • OFAC Sanctions Programs means all laws, regulations, and Executive Orders administered by OFAC, including without limitation, the Bank Secrecy Act, anti-money laundering laws (including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs administered by OFAC, any and all similar United States federal laws, regulations or Executive Orders, and any similar laws, regulators or orders adopted by any State within the United States.